Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 233.73

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10:48 AM EST

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To: BWAC who wrote (52515)	9/19/2001 9:43:32 AM
From: Joseph Beltran	Read Replies (2) of 70976

BWAC I agre with your thinking. I read elsewhere that the ceo "lobby" is pushing the capital gains tax cut because they don't want to pay all those taxes when they exercise their "options", ya know, the ones where they buy a stock which is trading at $55.00 for $3.50 then they sell immediately. I own one company (ASYT) where the ceo has a base salary of close to 1 million. Incredible for its market cap. Next time I pledged to myself I will avoid "investing" in those companies. They are merely a "piggybank" for the executives and their cronies. I think a good part of the money the fed is injecting is going to corporations on convertible bond issues. They can't raise money in the market by secondaries so they are issuing bonds. I don't like the idea of corporate welfare either.

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